Jyothy Laboratories witnessed good buying interest today. It has opened at Rs 895 (an intraday high) but due to profit booking, it fell to a low of Rs 741.15 in an intraday trade. The stock had remained below Rs 800 through the day.
It closed the day a Rs 780, a premium of 13.04% over its issue price of Rs 690 on the NSE. The stock traded with volumes of 51,36,540 shares and the turnover was at Rs 406 crore.
The stock had opened at Rs 799 and touched a high/low of Rs 880 & Rs 752.60 on the BSE. It ended at Rs 793.70, with volumes of 36,65,127 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
Showing posts with label Jyothy Labs IPO. Show all posts
Showing posts with label Jyothy Labs IPO. Show all posts
Wednesday, December 19, 2007
Jyothy Labs debuts with 30% premium
Jyothy Laboratories has listed with premium of 29.71% at Rs 895 as against its issue price of Rs 690 on the NSE. The stock has touched a low of Rs 757.55.
It was trading at Rs 764, up 10.72%, with volumes of 4,89,307 shares. The turnover was at Rs 40 crore.
The shares opened at Rs 799 on the BSE and hit a high of Rs 880 in early trade. But some profit booking has pulled the stock to Rs 768, an intraday low. It was quoting at Rs 769, with volumes of 3,10,721 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
It was trading at Rs 764, up 10.72%, with volumes of 4,89,307 shares. The turnover was at Rs 40 crore.
The shares opened at Rs 799 on the BSE and hit a high of Rs 880 in early trade. But some profit booking has pulled the stock to Rs 768, an intraday low. It was quoting at Rs 769, with volumes of 3,10,721 shares.
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Source: Moneycontrol.com
Tuesday, December 18, 2007
Jyothy Labs likely to lists around Rs 1000
After an excellent response to the public issue, Jyothy Laboratories will list on the bourses on December 19, 2007. The offer price has been fixed at Rs 690 per share.
R S Iyer of K R Choksey Securities told Moneycontrol.com, "Jyothy Labs is expected to list around Rs 1000. One, who has a capacity to hold stock till Rs 1200, can hold. Above Rs 1200, one should book profits."
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
Jyothy Labs' promoters stake stood at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings have sold their stakes through this offer.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Source: Moneycontrol.com
R S Iyer of K R Choksey Securities told Moneycontrol.com, "Jyothy Labs is expected to list around Rs 1000. One, who has a capacity to hold stock till Rs 1200, can hold. Above Rs 1200, one should book profits."
The company had entered capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share and raised Rs 305.67 crore from the issue. The issue had subscribed 45.83 times.
Jyothy Labs' promoters stake stood at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings have sold their stakes through this offer.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Source: Moneycontrol.com
Thursday, November 22, 2007
Jyothy Labs may see 15-20% upside on listing
NBC-TV18’s stocks editor, Udayan Mukherjee - All of us know Jyothy Laboratories; Ujala is one of the biggest FMCG brands in the country. It is a large company, well established, good midcap FMCG play, well established brands in many categories. Essentially they are not raising money, but some of the venture capital private equity investors are making an offer for sale, so some investors getting out.
But even so in the price band of Rs 620-690, they have left something on the table assuming that they do Rs 58-60 earnings next year. The stock is coming at 11-12 PE for FY09, you will find that it is cheaper than FMCG players in the market not Hindustan Unilever. But even the midcaps stronger FMCG plays like Marico etc, Jyothy comes at a discount to that.
So fair value for the stock should be at Rs 800-850 zone in an ideal world, so they have left a little bit on the table. You can still hope for 15-20% upside for this issue. But its not one of those double on listings or treble on listing kind of candidates like Religare, the returns will be probably more modest, moderate about 20-25%, but good quality, good pedigree play.
Source: Moneycontrol.com
But even so in the price band of Rs 620-690, they have left something on the table assuming that they do Rs 58-60 earnings next year. The stock is coming at 11-12 PE for FY09, you will find that it is cheaper than FMCG players in the market not Hindustan Unilever. But even the midcaps stronger FMCG plays like Marico etc, Jyothy comes at a discount to that.
So fair value for the stock should be at Rs 800-850 zone in an ideal world, so they have left a little bit on the table. You can still hope for 15-20% upside for this issue. But its not one of those double on listings or treble on listing kind of candidates like Religare, the returns will be probably more modest, moderate about 20-25%, but good quality, good pedigree play.
Source: Moneycontrol.com
Wednesday, November 21, 2007
Subscribe to Jyothy Labs issue
Jyothy Laboratories is entering capital market with an initial public offering (IPO) of 44.30 lakh shares of Rs 5 each at a price band between Rs 620 and Rs 690 per equity share.
The company will raise Rs 274 at lower price band and Rs 305.6 crore at higher end of price band. The issue will open on November 22 and November 27, 2007.
The offer would constitute 30.52% of the post issue paid up capital of the company. Post issue, Jyothy Labs' promoters stake will remain at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings are selling their stakes through this offer.
The equity shares are proposed to be listed on the NSE and the BSE.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Source: Moneycontrol.com
The company will raise Rs 274 at lower price band and Rs 305.6 crore at higher end of price band. The issue will open on November 22 and November 27, 2007.
The offer would constitute 30.52% of the post issue paid up capital of the company. Post issue, Jyothy Labs' promoters stake will remain at 69.47%. Its investors including Canzone Limited, ICICI Bank Canada, ICICI Bank UK PLC, South Asia Regional Fund and CDC Investment Holdings are selling their stakes through this offer.
The equity shares are proposed to be listed on the NSE and the BSE.
FMCG company is in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dishwashing, bath and incense products.
Enam Securities Pvt Ltd and Kotak Mahindra Capita Company Ltd are book running lead managers and Intime Spectrum Registry Limited is the registrar to the issue.
Source: Moneycontrol.com
Subscribe to:
Posts (Atom)
